Emerald Mutual Fund Advisers Trust Invests $601,000 in Nu Holdings Ltd. $NU

Emerald Mutual Fund Advisers Trust purchased a new position in Nu Holdings Ltd. (NYSE:NU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,532 shares of the company’s stock, valued at approximately $601,000.

Several other institutional investors and hedge funds have also bought and sold shares of NU. Verdence Capital Advisors LLC raised its stake in shares of NU by 1.8% in the third quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock valued at $712,000 after buying an additional 804 shares during the period. Covestor Ltd increased its holdings in NU by 8.2% in the 3rd quarter. Covestor Ltd now owns 12,194 shares of the company’s stock worth $195,000 after acquiring an additional 919 shares during the last quarter. Rothschild Investment LLC increased its holdings in NU by 6.3% in the 2nd quarter. Rothschild Investment LLC now owns 17,671 shares of the company’s stock worth $242,000 after acquiring an additional 1,046 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in NU by 1.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 76,238 shares of the company’s stock valued at $1,046,000 after acquiring an additional 1,063 shares during the period. Finally, Dakota Wealth Management lifted its holdings in NU by 3.9% during the second quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock valued at $430,000 after purchasing an additional 1,180 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NU shares. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. UBS Group increased their target price on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. lifted their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.04.

NU Stock Performance

NYSE NU opened at $18.03 on Friday. The company’s 50 day simple moving average is $16.81 and its two-hundred day simple moving average is $15.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.37. The stock has a market capitalization of $86.89 billion, a PE ratio of 35.36, a P/E/G ratio of 0.59 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.